Tidal Investments LLC Grows Stake in The Sherwin-Williams Company (NYSE:SHW)

Tidal Investments LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 424.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,694 shares of the specialty chemicals company's stock after buying an additional 68,541 shares during the quarter. Tidal Investments LLC's holdings in Sherwin-Williams were worth $28,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Sherwin-Williams by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock valued at $7,422,932,000 after purchasing an additional 138,170 shares in the last quarter. FMR LLC lifted its stake in shares of Sherwin-Williams by 1.6% during the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after buying an additional 106,093 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sherwin-Williams by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock worth $1,636,679,000 after buying an additional 96,571 shares during the period. Alliancebernstein L.P. boosted its holdings in Sherwin-Williams by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock worth $1,467,138,000 after buying an additional 86,268 shares during the period. Finally, Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter worth $1,359,747,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 0.8%

SHW traded down $2.98 during trading on Tuesday, reaching $359.02. The company had a trading volume of 1,949,577 shares, compared to its average volume of 1,766,150. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The stock has a market cap of $89.97 billion, a P/E ratio of 34.03, a PEG ratio of 2.98 and a beta of 1.25. The business has a 50 day simple moving average of $342.19 and a 200-day simple moving average of $355.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the company posted $2.17 EPS. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. Sherwin-Williams's payout ratio is 29.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research report on Friday, January 31st. UBS Group reduced their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Jefferies Financial Group restated a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $397.00.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. This trade represents a 34.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company's stock.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.